ACM Research, Inc. $ACMR Shares Sold by Kerrisdale Advisers LLC

Kerrisdale Advisers LLC trimmed its position in ACM Research, Inc. (NASDAQ:ACMR) by 72.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 62,570 shares of the specialty retailer’s stock after selling 161,185 shares during the period. ACM Research accounts for about 2.0% of Kerrisdale Advisers LLC’s portfolio, making the stock its 10th largest position. Kerrisdale Advisers LLC’s holdings in ACM Research were worth $7,940,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its position in ACM Research by 90.1% in the fourth quarter. Farther Finance Advisors LLC now owns 650 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 308 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of ACM Research by 266.7% during the 4th quarter. Hantz Financial Services Inc. now owns 660 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 480 shares during the period. Leonteq Securities AG purchased a new stake in ACM Research in the 4th quarter valued at about $28,000. Harbor Investment Advisory LLC raised its holdings in ACM Research by 195.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 738 shares of the specialty retailer’s stock valued at $94,000 after buying an additional 488 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of ACM Research by 381.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,087 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 861 shares during the period. 66.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACMR shares. Seaport Research Partners initiated coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Roth Capital set a $125.00 target price on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Daiwa Securities Group began coverage on ACM Research in a research report on Wednesday, August 26th. They set a “buy” rating and a $136.00 price target for the company. Finally, Zacks Research raised ACM Research from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, ACM Research currently has a consensus rating of “Buy” and a consensus price target of $122.75.

Insider Activity

In other news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $81.13, for a total transaction of $405,650.00. Following the completion of the sale, the director directly owned 5,000 shares of the company’s stock, valued at approximately $405,650. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David H. Wang sold 40,002 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction of $3,432,171.60. Following the transaction, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. The trade was a 4.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 123,752 shares of company stock worth $10,826,748. 24.36% of the stock is currently owned by corporate insiders.

ACM Research Price Performance

ACMR stock opened at $74.42 on Monday. The business’s 50-day moving average is $88.88 and its two-hundred day moving average is $71.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.66 and a quick ratio of 2.66. The firm has a market capitalization of $4.81 billion, a P/E ratio of 35.44 and a beta of 1.96. ACM Research, Inc. has a 1 year low of $26.10 and a 1 year high of $127.19.

ACM Research (NASDAQ:ACMR) last released its earnings results on Friday, August 7th. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19. ACM Research had a net margin of 14.48% and a return on equity of 4.08%. The firm had revenue of $292.92 million for the quarter, compared to analyst estimates of $269.28 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 36.0% compared to the same quarter last year. Analysts anticipate that ACM Research, Inc. will post 1.68 earnings per share for the current fiscal year.

ACM Research Company Profile

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.